Dec 9, 2012 10:00am EST
years answering the same question. but right after the election, we sent a plan to the president where we gave revenues but looking for spending cuts. and he took three weeks to come back to us. he has gone on still on the campaign trail, still working through. but you have to understand, republicans have not waited to solve this problem and sat back. in the summer, we passed a bill that froze the rates, and passed it. it sat in the senate. we believe we want to solve this problem. we think this is our moment. this is our time. >> is the moment -- does it come down to this, where you would say, look, we'll give you higher marginal tax rates if we get something significant on spending, medicare, in return? >> it doesn't solve the problem. if the president is asking for higher ratings, he is asking for more revenue. most economists agree the best way to get that is through closing special loopholes. and when you close those, it makes a fair tax process. so people invest on the return, not invest based upon what the irs says. >> senator durbin, the opening position, as i sort of gleaned i
Dec 4, 2012 3:00am PST
of the election. issues like entitlement reform and new revenue, but he's going to have to do something big. there's been a four-year course of he doesn't get along with either party, doesn't make the kind of effort you're talking about. i don't think there's any doubt he's going to, particularly john boehner, find some human interconnection moment that says we're doing this. and that's when the tough part starts. because once there's a leader deal, getting it through the house, whatever the terms of it is going to be super hard. >> i was with a group of businessmen last night, and their question was, why don't the people in washington do what we do when there's an important decision that comes up? why don't they get into a room and hammer it out, get some food, drinks, whether it's a couple days, get them helicopters, and go to camp david. you get in a room together -- >> the president -- the president doesn't like doing that. he's not comfortable doing that. and jon meacham, that is not the opinion of a pundit, that is a matter of historical record for his first four years. is it not? >> that's
Dec 9, 2012 10:30am EST
politicians do. the republicans lost the election. they know they're going to have to raise revenues. but i think the over-hyping of deficits the deficit mania that seized this town, is kind of crazy. i mean, i love alan simpson and erskine bowles, but they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds. you know, the summer before last, when we had the debt ceiling negotiations, and everybody was saying oh, our credit is about to go down the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it especially, you know, the old age entitlementes, because sooner or later you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are
Dec 6, 2012 1:00pm PST
? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearly gotten its message out. i think now there has to be a next step. you know, timing is everything in politics. and this is absolutely no different. what i'm getting from talking to some democrats on the hill is i think there's actually a lot of pent up anger and frustration among democrats how they feel republicans were obstructionist for the last four years. there's a little bit of payback going on here. they've got the advantage.